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Adrian Volenik
Wed, Mar 12, 2025, 10:00 AM 4 min read
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Elon Musk is struggling to equilibrium his enactment astatine Tesla (NASDAQ:TSLA), SpaceX, X, and different companies portion juggling his caller relation successful the Department of Government Efficiency successful President Donald Trump's administration. And portion immoderate investors are lone present sounding the alarm, his father, Errol Musk, saw this coming backmost successful November.
In an interrogation with Al Arabiya News past year, Errol expressed concerns astir Elon taking connected authorities duties, saying it would beryllium a “big concern” if helium had to measurement distant from committee meetings and institution leadership.
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“Elon has a tremendous task connected his hands,” Errol said. “He has a mates 100 1000 employees and a batch of precise superior things going connected successful his life, truthful helium has to beryllium disposable for each that helium started... [he] can't conscionable locomotion distant from things.”
At the time, Errol acknowledged that Elon was well-suited for improving ratio successful authorities but warned that his businesses needed his attention. “To person him beryllium successful an bureau determination successful Washington, waiting and twiddling his thumbs – no, no. He has to beryllium called upon connected a benignant of consultancy basis.”
Fast guardant to today, and it seems similar his fears were justified.
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Tesla's banal has been successful escaped fall, plunging astir 40% since Trump took bureau successful January. Investors are increasing worried, and high-profile voices, including Barstool Sports laminitis Dave Portnoy, are calling retired Musk.
Portnoy precocious took to X, asking, “How acold does TSLA banal person to clang earlier Elon goes backmost to work?”
Musk himself admitted successful a caller Fox Business interrogation that helium is moving his businesses “with large difficulty.” On Monday alone, Tesla's banal dropped 15%, wiping retired $130 cardinal successful marketplace value, much than the combined worthy of Ford (NYSE:F) and General Motors (NYSE:GM).